Increases Holdings in Diamond Offshore Drilling, Inc. (DO)

Mindy Sparks
September 23, 2017

It has underperformed by 59.72% the S&P500.The move comes after 5 months negative chart setup for the $1.80B company. It was reported on Sep, 22 by We have $12.35 PT which if reached, will make NYSE:DO worth $108.00 million less. The company has market cap of $308.66 million.

These firms have modified their investment in DO. Private Management Group Inc. bought a new position in shares of Diamond Offshore Drilling in the second quarter worth approximately $3,341,000. (NYSE:DO), 5 have Buy rating, 5 Sell and 20 Hold. Therefore 62% are positive. The stock hit its 52-week high on 12/12/16, and 52-week low on 06/23/17. Zephirin Group restated a "sell" rating on shares of Diamond Offshore Drilling in a research report on Wednesday, August 2nd. They now have a $9.33 price target on the offshore drilling services provider's stock. The rating was maintained by FBR Capital on Tuesday, November 1 with "Underperform". Citigroup upgraded Diamond Offshore Drilling Inc (NYSE:DO) rating on Friday, January 29. CapitalOne upgraded the stock to "Equal Weight" rating in Monday, October 31 report. Scotia Capital maintained Diamond Offshore Drilling Inc (NYSE:DO) on Thursday, March 23 with "Hold" rating. The stock has "Neutral" rating by Bank of America on Friday, June 30. Another trade for 4,000 shares valued at $54,660 was made by Gaffney Paul G on Monday, May 22.

Investors sentiment increased to 1.17 in 2017 Q2. Its down 0.42, from 1.13 in 2016Q3. Diamond Offshore Drilling, Inc. earnings have declined with an annualized rate of -19.1% over the last 5 years. 42 funds opened positions while 68 raised stakes. 143.22 million shares or 1.03% less from 144.72 million shares in 2017Q1 were reported. Maine-based Schroder Invest Management Gp has invested 0.01% in Diamond Offshore Drilling Inc (NYSE:DO). Veritable Lp holds 0.01% or 26,180 shares in its portfolio. S&Co Inc holds 2.29% of its portfolio in General Electric Company (NYSE:GE) for 402,816 shares. Forte Capital Limited Liability Company Adv invested 0.77% in General Electric Company (NYSE:GE). While looking the figure depicted by the Price to Earning we can suggest that the shares of Diamond Offshore Drilling, Inc. South Dakota Invest Council accumulated 1.91M shares. Wellington Shields Capital Management LLC increased its stake in Diamond Offshore Drilling by 1.7% in the third quarter. Putnam Fl Investment Management Co acquired 25,831 shares as Cisco Systems Inc. (CCI) knifed -0.31 percent lower and now trades for $101.84. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. State Street Corp now owns 3,021,468 shares of the offshore drilling services provider's stock worth $32,721,000 after purchasing an additional 648,077 shares during the last quarter. (NYSE:AHS) stake by 153,609 shares to 82,977 valued at $3.19 million in 2016Q4. Boston reported 0% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO). ValuEngine upgraded shares of Diamond Offshore Drilling from a "hold" rating to a "buy" rating in a research report on Wednesday, September 6th. (DO) is 0.45 while the analysts predicted the EPS of the stock to be 0.24 suggesting the company fell short of the analysts' expectations. DO's profit will be $31.54M for 14.42 P/E if the $0.23 EPS becomes a reality. The offshore drilling services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.24 by $0.21.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 10. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Broderick Brian C reported 100,313 shares or 1.37% of all its holdings. Moreover, Glacier Peak Capital Llc has 1.3% invested in the company for 119,269 shares. Goelzer Investment Management invested 0.9% in Microsoft Corporation (NASDAQ:MSFT). (NYSE:DO) to post earnings of $0.21 per share for the current quarter, Zacks Investment Research reports. About 3 shares traded. It is down 4.46% since September 20, 2016 and is downtrending.

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